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Sunday, Sep 26, 2021

Bitcoin rockets past $51,000 to reach new all-time high

Bitcoin rockets past $51,000 to reach new all-time high

The world’s most valuable cryptocurrency, bitcoin, continued its rally on Wednesday, soaring above the $51,000 mark. Tuesday had seen it hit $50,000 for the first time ever.
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samir sardana 60 days ago
SPEAKING OF PEOPLE WHO WOORY ABOUT THE CARBON PRINT OF BTC

THE SOLUTION IS TO MINE BASED ON POWER FROM HYDRO, IN THOSE NATIONS,WHERE THE OPPORTUNITY COST OF POWER IS LOW, IN TERMS OF THE ECONOMIC OPPORTUNITY COST,FUSED WITH ENVIRONMENTAL COSTS

SO A NATION WHICH HAS ALMOST FREE HYDRO POWER, IT CAN USE IT TO MAKE STEEL AND ALUMINIUM OR MINE BITCOIN ! WHAT WILL IT CHOOSE ?

THE CHOICE IS CLEAR !

THEN COMES GEO THERMAL ,SOLAR AND WIND ! IF A NATION HAS THESE SOURCES IN ABUNDANCE – BUT NO VIABLE MANUFACTURING OR EXPORT SECTOR – THEN WHAT TO DO ? MINE BITCOIN !

THEN WE COME TO NATIONS WHEREIN COAL IS IN ABUNDANCE,BUT THERE ARE NO CEMENT OR POWER PLANTS. WHAT IS THE BEST USE ? BITCOIN !

SO THE 1ST OPTION IS MINING BTC,AND THEN THE NEXT OPTION LIES IN HOSTING THE SERVERS ,WHICH HOST THE CRYPTO TRANNSACTIONS !

FOR HYBRID OFFGRID RENEWABLES WITH DIESEL POWER BACK UP – WHICH ARE OFF THE GRID – THE «ONLY VIABLE USE» IS BTC ! AND THE SAME APPLIES TO BASE LOAD POWER PRODUCED BY IPPs – THAT SUPPLY CAN ONLY BE ABSORBED BY BTC AND ALSO LOWER THE POWER COSTS TO THE IPP !

TAKE THE CASE OF SALVADOR

BTC usage and BTC mining and BTC server farms are the future of Salvador – with its abundance of Active volcanos in the Ring of Fire.

Planned rightly, it could double the per capita income of the nation in a few years.

Deep draft ports,Geo Thermal and Hydro Power with RPP,large land mass,existing transmission grid = PERFECT OPPORTUNITY FOR BITCOIN IN SALVADOR ! dindooohindoo
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